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The Paradox System

  • #14,241
  • Edited 4:03pm Aug 21, 2018 12:37pm | Edited 4:03pm
Thought I would share my trade today

Date: 20 August 2018 9pm Candle Open

News Releases:

Daily:
ROMAR – Resistance
EMA – Resistance
PSAR – Resistance

Check List:
Last MACD 0 crossing - down
Last EMA Alert Arrow - down
Last DB Attachment - down
Fibo up

Notes: Romar Resistance with EMA and Parabolic Resistance, although Eliminated. Long Term and Short Term Trends Down. Last DB down with Normal and Hidden Divergence. SAR broken off and attached up at 23.6 Fibo. Purple crossed White. MACD down. EMA just above 23.6 Fibo which is currently Resistance.

H4:
ROMAR – Resistance
EMA – Support
PSAR – Support

Check List:
Last DB Attachment - up
Fibo up

Notes: Romar Resistance with EMA and Parabolic Support, although Eliminated. Long Term Trend Down, Short Term Trend Up. Last DB/ SAR up with Normal and Hidden Divergence. Purple crossing White. Fibo up.


2 HR:
ROMAR – Resistance
EMA – Resistance
PSAR – Resistance

Check List:
Last MACD 0 crossing - down
Last EMA Alert Arrow - up
Last DB Attachment - up
Fibo down

Notes: Romar Resistance with EMA and Parabolic Resistance, although Eliminated. Long Term and Short Term Trends Down. Last DB/ SAR up at 0 Fibo with Normal Divergence. MACD down.

1 HR:
ROMAR – Support
EMA – Support
PSAR – Support

Notes: Romar Support with EMA and Parabolic Support. Long Term and Short Term Trends up.

Final Notes: Daily Trend is Down with the SAR up at 23.6 as a wall of Resistance with EMA just above. H4 showing EMA/ Parabolic trends still up with Green Fibo. H2 Romar holding Resistance currently with Last DB Up. H1 showing full up at this time with Romar change of Trend to Up. The Daily is in process of changing Trend. H1 and H4 have Horsemen sync at this time. However, with Daily 23.6 Fibo and H2 Romar Resistance, will need the Trend to punch a hole through that Resistance. I will wait until the London session and check again.

Notes for readjustments: London Open. Market punched through Resistance and H2 now showing change of Romar Trend also with Horsemen lined up. Daily 23.6 Fibo broken. Waiting on retrace candle for Entry Long.

Entry: Long at 9am London Candle, H2 Purple Open Candle with confluence of H1 Smooth Open Candle.

Evaluation: +40 TP Good Trade, however better (lower) entries were available, such as the hit on H2 White/ H1 EMA - missed that one.
Attached Image (click to enlarge)
Click to Enlarge Name: H2 Showing Long Entry.PNG Size: 69 KB
Never Give Up
  • #14,242
  • Aug 22, 2018 1:24am Aug 22, 2018 1:24am
Quoting Retrogue
{quote} These are my charts {image} {image} {image} {image}
Thanks Retrogue!
charts looks about right!
  • #14,243
  • Aug 22, 2018 2:08pm Aug 22, 2018 2:08pm
My Trade from last night:

Date: 21-08-2018 10pm

News Releases: 15:30 and 19:00 High Impact

Daily:
ROMAR – Resistance
EMA – Resistance
PSAR – Resistance

Check List:
Last MACD 0 crossing - up
Last EMA Alert Arrow - up
Last DB Attachment - down
Fibo up

Notes: Romar Resistance with EMA and Parabolic Resistance, although Eliminated. Long Term Trend Down, Short Term Trend Down. EMA and MACD arrows up, with SAR up showing Daily in process of changing Trend. Daily well above Parabolic which is Eliminated as Resistance. Smooth has crossed Purple.

H4:
ROMAR – Support / Resistance
EMA – Support
PSAR – Support

Check List:
Last DB Attachment - up
Fibo down

Notes: Romar Resistance with EMA and acting as Support now showing crossing Purple. EMA and Parabolic Support. Last DB/ SAR up with Normal and Hidden Divergence. Fibo flipped Down.2 HR:
ROMAR – Support
EMA – Support
PSAR – Support

Check List:
Last MACD 0 crossing - up
Last EMA Alert Arrow - up
Last DB Attachment - up
Fibo down

Notes: Romar Support with EMA and Parabolic Support. Full Uptrend. Horsemen strong in the Uptrend. Last DB/ SAR up with Normal and Hidden Divergence. MACD up. White is not at Purple.

1 HR:
ROMAR – Support
EMA – Support
PSAR – Support

Notes: Full Uptrend. White is at Purple with market showing retrace.

Final Notes: Daily is showing the start of a new Trend with EMA and MACD arrows up, with White and Smooth crossings. Well above Parabolic. Will need new Daily Candle to check if Parabolic flips. H4 showing Up looking for Romar Trend change following Purple crossing. H2 showing Full Uptrend. H1 showing Full Uptrend with White at Purple. Our Trend Chart is in Full Uptrend at this time. The Daily is showing Romar Resistance . Looking for Long Entry.


Entry: Long 11pm Open. H2 Smooth/ 23.6 with Confluence H1 EMA

Evaluation: TP hit +40. Applying more patience would have been better, allowing the entry to be right on the edge of Support. Waiting on the new Daily to show the Parabolic Flip and catching the H2 SAR. My entry retraced 13 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: H2 11pm Entry Chart.PNG Size: 62 KB
Never Give Up
  • #14,244
  • Aug 22, 2018 4:17pm Aug 22, 2018 4:17pm
Date: 23/08/2018 Currency: Eur/Jpy

Market news: no red news

Daily:
ROMAR - resistance
EMA - resistance
PSAR - support / unconfirmed

Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: up
Last DB Attachment: bottom 124.892
Last SAR Attachment: top 128.264
Fibonacci: green

Notes: purple crossing white and smooth. purple hasnt crossed EMA with white and smooth touching. SAR attachment at the top with 54 pips to ROMAR resistance and 166 pips out of balance to purple. Trend ema then MacD alert. Green fibo. Daily is in consolidation.

4 HR:
ROMAR - support
EMA - support
PSAR - support

Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: up
Last DB Attachment: top 128.264
Last SAR Attachment: top 128.264
Fibonacci: red

Notes: H4 in full uptrend. DB/SAR attached up top with both divergences. red fibo.

2 HR:
OPEN PRICE - 128.183
ROMAR - support
EMA - support
PSAR - support

Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: up
Last DB Attachment: top 128.264
Last SAR Attachment: top 128.264
Fibonacci: red fibo

Notes: H2 is in full uptrend. DB/SAR attached up top with both divergences. red fibo.

1 HR:
ROMAR - support
EMA - support
PSAR - support

Check List:
Last MACD 0 crossing: down
Last EMA Alert Arrow: up
Fibonacci: red

Notes: purple crossing white with white and smooth sliding. BB inside ROMAR. red fibo.

Final Notes: Daily consolidating up. H4 full uptrend. H2 full uptrend. H1 in consoldation with purple x white.

I will be looking for a buy from support, with a SAR attachment on the H2 unless anything changes.
Causa sui
  • #14,245
  • Aug 22, 2018 11:14pm Aug 22, 2018 11:14pm
Quoting mexican301
Date: 23/08/2018 Currency: Eur/Jpy Market news: no red news Daily: ROMAR - resistance EMA - resistance PSAR - support / unconfirmed Check List: Last MACD 0 crossing: up Last EMA Alert Arrow: up Last DB Attachment: bottom 124.892 Last SAR Attachment: top 128.264 Fibonacci: green Notes: purple crossing white and smooth. purple hasnt crossed EMA with white and smooth touching. SAR attachment at the top with 54 pips to ROMAR resistance and 166 pips out of balance to purple. Trend ema then MacD alert. Green fibo. Daily is in consolidation. 4 HR: ROMAR...
Entry:
Consolidation:
Short: Placed a short with 40pip TP and SL going against my initial plan

Notes for readjustments:
Daily confirmed Psar support.
H2 purple touching white with open below smooth and MacD down followed by Trend EMA. H1 Parabolic confirmed flip. BB on H2 in with ROMAR

Attached Image (click to enlarge)
Click to Enlarge Name: 23.08.2018.PNG Size: 93 KB
Causa sui
  • #14,246
  • Aug 24, 2018 1:38am Aug 24, 2018 1:38am
Quoting mexican301
{quote} Entry: Consolidation: Short: Placed a short with 40pip TP and SL going against my initial plan Notes for readjustments: Daily confirmed Psar support. H2 purple touching white with open below smooth and MacD down followed by Trend EMA. H1 Parabolic confirmed flip. BB on H2 in with ROMAR {image}
I forgot to mention the rules they are as follows:

Rules for consolidation:
a: The H2 is your trading chart.
b: You use any, or all 3 charts, as reference for consolidation.
c: You can trade either short or long in consolidation.
d: Trade from resistance to support and vice-versa. Do not trade from center in consolidation.
e: Both upper and lower bands are resistance and support in consolidation.
H1 and H2 must be in sync

I broke rules A and the H1 and H2 were not in sync. SL 40 hit, I have to be more patient and observant of what the paradox is telling me and not what i think is going to happen and force a trade that isnt there.

We also had the Psar sync on all charts when H1 and H2 synced for the buy at 0900 server time and that was the correct entry for the buy.
Causa sui
  • #14,247
  • Aug 24, 2018 2:20am Aug 24, 2018 2:20am
Good Morning, my trade from last night

Date: 23-08-2018 21:00

News Releases: 13:30 and 15:00 USD Red News

Daily:
ROMAR – Resistance
EMA – Support
PSAR – Support

Check List:
Last MACD 0 crossing - up
Last EMA Alert Arrow - up
Last DB Attachment - up
Fibo up
Balance – 6 candles out

Notes: Romar Resistance with EMA and Parabolic Support. Long Term Trend Down with Short Term Trends Up. Last DB/ SAR up at Romar Resistance with Normal Divergence. Fibo Up. MACD Up.

H4:
ROMAR – Support
EMA – Support
PSAR – Support

Check List:
Last DB Attachment - up
Fibo down

Notes: Romar Support with EMA and Parabolic Support. Long Term and Short Term Trends Up. Horsemen Up. Db/ SAR connected at 0 Fib with Normal and Hidden Divergence. Purple is not showing at White at this time.
2 HR:
ROMAR – Support
EMA – Support
PSAR – Support

Check List:
Last MACD 0 crossing - down
Last EMA Alert Arrow - up
Last DB Attachment - up
Fibo down

Notes: Romar Support with EMA and Parabolic Support. Long Term and Short Term Trends Up. Last DB / SAR at the top 0 Fib with Normal and Hidden Divergence. Horsemen Up and Purple/ White are running separately at this time. BB closing in and Romar outside the trading area. MACD down.

1 HR:
ROMAR – Support
EMA – Support
PSAR – Support (eliminated)

Notes: Romar Support with EMA and Parabolic Support, although eliminated. Long Term and Short Term Trends Up. EMA and MACD arrows down in correct order. White crossed Purple eliminating Parabolic Support. Smooth / Purple crossing not on the following candle, indicating a slider. Parabolic support holding the candles at this time.

Final Notes: Daily in strong Uptrend with new Daily candle showing full EMA Purple crossing. H4 in full uptrend. H2 in full uptrend. H1 in uptrend. H1 is the only chart showing signal of possible reversal with the Smooth Purple crossing, but this appears to be a slider. Following the hit on Daily Romar Resistance, H2 has not retraced down to 61.8 Fibo at this time and is showing a full uptrend now. This indicates Daily Romar Resistance will not hold. I expect the market to continue moving up. The H2 Trend is the power house in this scenario. I will be looking for a long entry from Support Level.


Notes for readjustments: 11pm H2 Candle opened just above Smooth. H1 showing Parabolic Flip, but in the moment EMA is still Support, setting up for an EMA slider. EMA up arrow set in stone.

Entry: Long at 11pm opening. SL behind the Parabolic.

Evaluation: TP hit. Good trade. The Trend was the confluence for this scenario.
Attached Image (click to enlarge)
Click to Enlarge Name: H2 Entry Chart at 11pm.PNG Size: 64 KB
Never Give Up
  • #14,248
  • Aug 24, 2018 2:31am Aug 24, 2018 2:31am
Quoting mexican301
{quote} I forgot to mention the rules they are as follows: Rules for consolidation: a: The H2 is your trading chart. b: You use any, or all 3 charts, as reference for consolidation. c: You can trade either short or long in consolidation. d: Trade from resistance to support and vice-versa. Do not trade from center in consolidation. e: Both upper and lower bands are resistance and support in consolidation. H1 and H2 must be in sync I broke rules A and the H1 and H2 were not in sync. SL 40 hit, I have to be more patient and observant of what the paradox...
Hey Mexican301

About yesterday's setups, if I may give you some help with it?

There were 3 entries yesterday all valid.

First, we had the H2 MACD down arrow by itself, indicating a retrace then 4 retrace candles following Divergence to an open at H2 EMA. At the open there was a slider. Also H4 had the SAR as added confluence. I cant tell you if the SAR was there on candle open or not, or appeared on the retrace, I was asleep at this time.
Never Give Up
  • #14,249
  • Aug 24, 2018 4:43am Aug 24, 2018 4:43am
Quoting Retrogue
{quote} Hey Mexican301 About yesterday's setups, if I may give you some help with it? There were 3 entries yesterday all valid. First, we had the H2 MACD down arrow by itself, indicating a retrace then 4 retrace candles following Divergence to an open at H2 EMA. At the open there was a slider. Also H4 had the SAR as added confluence. I cant tell you if the SAR was there on candle open or not, or appeared on the retrace, I was asleep at this time.
Hi Retrogue,

Thankyou for taking the time to help, any and all help is welcome from the senior trader of the paradox!

With the MacD indicating the retrace and the added confluence of divergence do you normally look for a retrace to EMA as a general rule or more so a 4 candle retrace from divergence most times? or just this scenario with the slider. Maybe im looking at what you saying slightly wrong.

Many Thanks,
Mexican
Causa sui
  • #14,250
  • Aug 24, 2018 5:36am Aug 24, 2018 5:36am
Hi Retrogue,

Re Your Reply to mexican 301

(About yesterday's setups, if I may give you some help with it?

There were 3 entries yesterday all valid.

First, we had the H2 MACD down arrow by itself, indicating a retrace then 4 retrace candles following Divergence to an open at H2 EMA. At the open there was a slider. Also H4 had the SAR as added confluence. I cant tell you if the SAR was there on candle open or not, or appeared on the retrace, I was asleep at this time.)

I also benefited from your reply so Thank you for the explanation.

My understanding of the Paradox system is getting better, however further to go and I did wonder why mexican 301 went short where he did. Never mind a lesson learnt.

Thank you
  • #14,251
  • Aug 29, 2018 10:41pm Aug 29, 2018 10:41pm
Hello everyone!

PPTP (PARADOX PRACTICE TRADING PLAN) – 30/08/2018 (CEST: 5:00)
News: No red releases for EUR, JPY or USD.

DAILY:
ROMAR – Support/Resistance
EMA – Support
PSAR – Support

Check list:
Last MACD 0 Crossing – Up
Last EMA Alert Arrow – Up
Last DB Attachment – Top 130.854
Fibonacci – Up

Notes:
The Daily is in the uptrend consolidation due to ROMAR still not crossed EMA. ROMAR has crossed Purple and is acting as support. Horsemen in the uptrend and ROMAR is close to the crossing of EMA. Fibonacci target high is 130 pips away. Open above Purple and has now retraced to Purple.

H4:
ROMAR – Support
EMA – Support
PSAR – Support

Check list:
Last DB Attachment – Top 130.854
Fibonacci – Down

Notes:
The H4 is in the full-blown uptrend with Fibonacci down. DB/SAR on top with both divergences. Market has consolidated sideways at the top.

H2:
ROMAR – Support
EMA – Support
PSAR – Support

Check list:
Last MACD 0 Crossing – Up
Last EMA Alert Arrow – Up
Last DB Attachment – Top 130.854
Fibonacci – Down

Notes:
The H2 is in the full-blown uptrend with Fibonacci flipped down. DB/SAR on top with both divergences. Upper BB has previously been hit which indicates a retrace to EMA. Open candle below Smooth.

H1:
ROMAR – Support
EMA – Support
PSAR – Support

Notes:
H1 is in the uptrend. White/Smooth has crossed Purple down. Possible EMA slider. EMA and MACD arrows on same candle down. Three open candles below EMA support.

Final notes:
Daily is in uptrend consolidation due to ROMAR not having crossed EMA yet. Horsemen are in the uptrend and ROMAR is close to the EMA crossing. Fibonacci target high is 130 pips away. Open candle above Purple support and has now retraced.

H4 is in full-blown uptrend with Fibonacci down. DB/SAR on top with both divergences. Market has consolidated sideways at the top.

H2 is in the full-blown uptrend with Fibonacci down. Upper BB hit indicates a retrace to EMA. Open candle below Smooth.

H1 is in the uptrend. White/Smooth has crossed Purple down. Showing a possible EMA slider. EMA and MACD down on same candle. Three open candles below EMA support.

The market is in an uptrend with all of the charts synced for the up indicating weaker buying. The lower charts all have the Fibonacci flipped down and the market has consolidated sideways at the top for 10 hours indicating resistance. H1 is showing a possible EMA slider with the H2 in the full-blown uptrend.

With the H1 showing openings below EMA support, it can indicate a swing down to another H2 support. Most likely H2 EMA which is also H4 Purple support with confluence of H2 23.6. The preferred entry is a long from support.
  • #14,252
  • Aug 30, 2018 1:09am Aug 30, 2018 1:09am
Quoting TyD
Hello everyone! PPTP (PARADOX PRACTICE TRADING PLAN) – 30/08/2018 (CEST: 5:00) News: No red releases for EUR, JPY or USD. DAILY: ROMAR – Support/Resistance EMA – Support PSAR – Support Check list: Last MACD 0 Crossing – Up Last EMA Alert Arrow – Up Last DB Attachment – Top 130.854 Fibonacci – Up Notes: The Daily is in the uptrend consolidation due to ROMAR still not crossed EMA. ROMAR has crossed Purple and is acting as support. Horsemen in the uptrend and ROMAR is close to the crossing of EMA. Fibonacci target high is 130 pips away. Open above...
Adjustments (MT4 Time):
4:00
H1 Parabolic flipped down, not set in stone.
H2 open between EMA and Smooth.
H4 open on Purple support.
6:00
H1 turned down with EMA and Parabolic.
H2 opened on EMA support.

ENTRY:
a. Confluence on one (and/or) two or more charts. (YES)
b. Off Support for the uptrend and Resistance for the downtrend. (YES)
c. Sync on two or more charts. (YES)

Entry:
Long: Took long on open on H2 EMA support.
Attached Image (click to enlarge)
Click to Enlarge Name: 67e9231d1cc2d3f5b8f3c008cd8687d4.png Size: 72 KB
  • #14,253
  • Aug 30, 2018 8:47am Aug 30, 2018 8:47am
Quoting TyD
{quote} Adjustments (MT4 Time): 4:00 H1 Parabolic flipped down, not set in stone. H2 open between EMA and Smooth. H4 open on Purple support. 6:00 H1 turned down with EMA and Parabolic. H2 opened on EMA support. ENTRY: a. Confluence on one (and/or) two or more charts. (YES) b. Off Support for the uptrend and Resistance for the downtrend. (YES) c. Sync on two or more charts. (YES) Entry: Long: Took long on open on H2 EMA support. {image}
Evaluation:
Result: -40 pips

I took an entry against the H1 trend that just turned down. I even wrote it in the adjustments. Not good
I broke the rule: ROMAR, EMA, and the 4 Horsemen must be in sync on both H1 and H2 to trade long.
I anyone looks at my trades, please don't. I am not good.
  • #14,254
  • Aug 31, 2018 1:07am Aug 31, 2018 1:07am
Quoting dove_alliance
{quote} Lets be honest about it. Your trade was a loser as soon as you pulled the trigger. You went long on the H2 in a full blown downtrend. On the next bar EMA moved down with the trend in which it had blocked your TP. Very simple and realistic. In other words - you traded against the trend and lost.
Hello Sir, I saw this Paradox system of yours and now I want to learn and practice it . Thanks for all this . Hoping for the best .
  • #14,255
  • Sep 2, 2018 2:51pm Sep 2, 2018 2:51pm
EURJPY Date: 02-03/09/18
News: BOJ Gov Kurda speaks at 6:40 am GMT, may be preferable to wait until after this speech if no set up is found close to opening.
Daily:
ROMAR – Support and Resistance
EMA - Support
PSAR – Support

Check List:
Last MACD 0 crossing: up, smaller bar
Last EMA Alert Arrow: up
Last DB Attachment: 130.854, 30 pips below previous high with sar attaching 128.547,
Fibo up or down: green and up

Notes: 4hm turned up, with ema currently sliding with Romar , Sar attached to the bottom of The Friday close candle , just above the 50 fibo. Macd bars gradually decreasing with BB’s slightly flat. Friday closed below Romar/ema.
4 HR:
ROMAR – Support
EMA –Resistance
PSAR - Resistance

Check List:
Last DB Attachment: bottom, 128.547, lime green tag with LSB divergance
Fibo up or down: green and up
Notes: 4hm turned down, with purple/white crossing romar down. BB’s opened up. Romar still currently support.

2 HR:
OPEN PRICE – not open yet
ROMAR –Resistance
EMA - Resistance
PSAR –Resistance

Check List:
Last MACD 0 crossing: down
Last EMA Alert Arrow: down
Last DB Attachment: Bottom, with both divergences and lime tag.
Fibo up or down: Turned green and up.

Notes:4hm turned down, with ema also crossing , making h2 in a full downtrend, BB’s beginning to go Flat.

1 HR:
ROMAR –Resistance
EMA –Resistance
PSAR –Resistance

Check List
Last MACD 0 crossing: down, smaller bar
Last EMA Alert Arrow: down, with macd arrow showing for the up on Friday close candle
Fibo up or down: green and up

Notes: 4hm turned down, however white/ purple crossed pushing h1 into consolidation. Ema holding resistance With BB’s moving down.

Final Notes for all three charts: h1 consolidating down, h2 down, h4 down, and daily turning down. We are in a consolidated downtrend, with h1 showing signs of a swing to the upside. Since the paradox shows a downtrend currently, I will look to enter a sell at a good level of resistance, preferably h2 sar attachment between psar and ema. I will use h1 as a reference, if the 4hm turn in a slider back down, I will enter with the confirmation as confluence.
And if there is a huge gap at opening, if its to the upside close to h2 ema, with ema holding the marked down, I will look to enter on the next candle if the set up is correct, however if the gap is down, as tempting as it may be, I will wait patiently until a retrace occurs to a good resistance level to make my move.
  • #14,256
  • Sep 3, 2018 3:40am Sep 3, 2018 3:40am
Quoting SuchParadox
EURJPY Date: 02-03/09/18 News: BOJ Gov Kurda speaks at 6:40 am GMT, may be preferable to wait until after this speech if no set up is found close to opening. Daily: ROMAR – Support and Resistance EMA - Support PSAR – Support Check List: Last MACD 0 crossing: up, smaller bar Last EMA Alert Arrow: up Last DB Attachment: 130.854, 30 pips below previous high with sar attaching 128.547, Fibo up or down: green and up Notes: 4hm turned up, with ema currently sliding with Romar , Sar attached to the bottom of The Friday close candle , just above the 50...

Entry: Entered short as per my plan once sar showed up on h2 in between ema and psar, in line with the shallow swing of purple/white and smooth .
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 61 KB
  • #14,257
  • Sep 4, 2018 9:09am Sep 4, 2018 9:09am
Wasnt going to post this trade, was waiting for someone else.

Consolidation, SAR up waiting on DB with Divergence to stop the up movement with 23.6 Fibo.

Took a while US holiday, but as I entered at Resistance this was only going one way. Got another chance eariler today with the SAR ranging if you missed the first entry.

+40 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 20180904_150502.jpg Size: 365 KB
Never Give Up
  • #14,258
  • Edited 10:04am Sep 4, 2018 9:32am | Edited 10:04am
Quoting SuchParadox
{quote} Entry: Entered short as per my plan once sar showed up on h2 in between ema and psar, in line with the shallow swing of purple/white and smooth . {image}
Evaluation: took 40 from the market, this trade lasted more then a day, and I entered too early, but usually if the trend is strong enough, just the sar* shows up. I should have waited to get in as close to romar resistance as possible, but my 40 stop was never hit, because I entered with the underlying trend.
  • #14,259
  • Sep 4, 2018 2:47pm Sep 4, 2018 2:47pm
Hello team!
After reading through the section of Dove's tutorial beginning on Page 469 about trading ranging markets with DB SAR Fibo and Divergences, it would appear there was an example of a Long Entry a few hours ago (approx 0700EST 1200UTC) with confluence shown h1 h2 via DB and SAR connecting on the bottom of the BB and green Fibo drawing zero at the bottom of that candle. It appears to be a good example of a counter trend trade while ranging, despite the 4hm in down trend.
Can someone please tell me if this is a good example of a counter trend trade based on Dove's ranging tutorial? Much appreciated thank you!
  • #14,260
  • Sep 5, 2018 4:49pm Sep 5, 2018 4:49pm
First Trading plan being posted for dissection by the pros...
Date: Sept 5 2018 Time: 1730EST News to Avoid: USD FOMC and JPY Medium impact over by 2000EST
Also Medium impact news for USD between 0800-1000EST tomorrow
Daily: Consolidation
ROMAR: Support
EMA: Support
PSAR: Support (eliminated)

Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: down
Last DB Attachment: UP 130.853
Fibo: green almost 100% retrace

Notes: 4hm turned down after EMA has made a run for ROMAR currently cruising just above. Current candle opened above ROMAR and EMA with a run down to the parabolic for support which is eliminated with white crossing purple.

4 HR: Uptrend
ROMAR: Support
EMA: Support
PSAR: Support

Check List:
Last DB Attachment: up 129.960
SAR:
Fibo: up Green up to 61.8

Notes: 4hm in the uptrend with recent hit on BB and DB as resistance

2 HR: Uptrend
ROMAR: Support
EMA: Support
PSAR: Support

Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: up
Last DB Attachment: up 129.960 with SAR
Fibo: down

Notes: 4hm up chart in uptrend with last 4 bars respecting the 4 hm up after recent consolidation

1 HR: Uptrend
ROMAR: Support
EMA: Support
PSAR: Support

Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: up
Last DB attachment: 129.964
Last SAR attachment: 129.964 resistance with DB - SAR connecting to current candle
Fibo down

Notes: Uptrend consolidation. White has crossed purple placing H1 in consolidation. Current candle opened above smooth and EMA is holding support with parabolic for uptrend.

Notes for all three charts:Charts indicate consolidation, trading ok in both directions. Potential entry can be at next major support for the Long.


I look forward to comments critiques and corrections. Thank you to those who take the time to do so.
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